The latest research study “Industrial Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global industrial robotics market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
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Industrial robotics refers to programmed automated machines that perform production-related tasks in industrial settings. Some common industrial robotic systems include selective compliance articulated robot arms (SCARA), linear, cylindrical, parallel, and articulated. They are used in mechanical cutting, grinding, deburring, adhesive sealing, spot welding, and material handling. They help increase output and safety, enhance quality consistency, reduce waste, improve manufacturing and production processes efficacy, and optimize space and time resources. As a result, industrial robotics are gaining immense traction across the construction, automotive, manufacturing, chemicals, pharmaceuticals, and food and beverage (F&B) industries.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Industrial Robotics Market Trends and Drivers:
The global industrial robotics market is primarily driven by significant growth in the automotive industry. In line with this, the increasing applications of industrial robotics in welding, quality inspection, painting, and assembling components, such as door handles, pumps, and windshield wipers, have augmented product demand.
Moreover, the surging product adoption in the food industry due to the escalating demand for packaged and ready-to-eat (RTE) foods is propelling the market growth. Additionally, the launch of innovative product variants, including collaborative robots for enhancing production output, flexibility, and safety in the human environment and performing tasks quickly, is impelling market growth. Furthermore, technological advancements, such as the integration of big data solutions and artificial intelligence (AI) to assist in supply chain management, product handling, and monitoring production, accuracy, and performance, are positively driving market growth.
Other factors, including the emergence of smart factory systems, favorable government initiatives for developing intelligent robots, and expanding microelectronics industry, are also anticipated to propel market growth.
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Global Industrial Robotics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Industrial Robotics Companies:
ABB Ltd., DAIHEN Corporation, DENSO Corporation, FANUC, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi-Fujikoshi Corp., OMRON Corporation, Panasonic Corporation, Seiko Epson Corporation, Universal Robots A/S (Teradyne Inc.), Yamaha Motor Co. Ltd. and Yaskawa Electric Corporation.
The report has segmented the market on the basis of region, type, function and end use industry.
Breakup by Type:
- Articulated Robots
- Cartesian Robots
- SCARA Robots
- Cylindrical Robots
- Parallel Robots
Breakup by Function:
- Soldering and Welding
- Materials Handling
- Assembling and Disassembling
- Painting and Dispensing
- Milling, Cutting and Processing
Breakup by End Use Industry:
- Electrical and Electronics
- Chemical, Rubber and Plastics
- Machinery and Metals
- Food and Beverages
- Precision and Optics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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